I am purchasing a house without a mortgage in Shrewsbury. I have been residing for the previous dozen years in Shrewsbury. Conveyancing searches are a lot of money. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Shrewsbury conveyancing searches are non-obligatory. Your lawyer will 'advise', perhaps strongly, that you should have searches done, but he has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house at a future date, it could be of interest to your prospective buyer what the searches reveal. On occasion premises with functional issues can still reveal unfavourable search results. A good conveyancing solicitor in Shrewsbury will provide you some constructive guidance here.
Should commercial conveyancing searches reveal impending roadworks that could impact a commercial site in Shrewsbury?
Its becoming the norm that commercial conveyancing solicitors in Shrewsbury will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Shrewsbury. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Shrewsbury.
For each commercial conveyancing transaction in Shrewsbury it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Shrewsbury commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Shrewsbury.
Me and my brother own a renovated Georgian house in Shrewsbury. Conveyancing practitioner represented me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shrewsbury and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing lawyer who completed the work.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Shrewsbury I like with amenity areas and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Shrewsbury for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
What does commercial conveyancing in Shrewsbury cover?
Shrewsbury conveyancing for business premises incorporates a broad range of services, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
What is the average conveyancing fee for conveyancing in Shrewsbury?
The average cost last year for conveyancing in Shrewsbury was £1,395 excluding SDLT and HMLR fees.